London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
BT: Challenging conditions hit revenue at FTSE 100 giant November 7, 2024 BT shares traded lower by as much as 3.9 per cent in early deals this morning after the company downgraded its growth outlook for the year. The company reported a slight decline in revenue for the half-year ended 30 September 2024 due to what it has called challenging conditions in its business arm and more [...]
ITV: Shares drop after revenue plunges at production arm November 7, 2024 A drop in revenue at ITV studios due to the ongoing effect of the US writers’ strike has pulled profit down, with cost savings and an increase in advertising revenue failing to offset the fall. The company’s share price fell nearly eight per cent in early trades. Group revenue in the first nine months of [...]
UK farms could shrink ‘like Russian dolls’ amid tax row, government warned November 7, 2024 The UK’s farms could be set to shrink “like Russian dolls”, the government has been warned, thanks to Labour’s inheritance tax changes announced in the Budget. Shadow business secretary – and former City minister – Andrew Griffith has cautioned that the policy could mean “like Russian dolls, with each generation that passes, you end up [...]
Mobico: National Express owner begins to turn a corner November 7, 2024 National Express owner Mobico has said it is on track to hit operating profit targets for the full year, following a torrid period that saw its chief finance officer exit and shares plummet. The bus and coach firm said it expected to report an operating profit of between £175m and £205m, on an adjusted basis. [...]
Rolls-Royce holds guidance but warns on supply chain November 7, 2024 The FTSE 100 firm is expecting underlying operating profit of between £2.1bn to £2.3bn, and free cash flow of £2.1bn to £2.2bn.
FCA could spend £20m on car loan probe after shock court ruling November 7, 2024 The Financial Conduct Authority (FCA) could splash £20m on the first stage of its review into car loan commissions, City AM can reveal, reflecting the scale of a scandal that may see lenders forced to pay billions of pounds in compensation.
M&S set to buck retail trend and see a bumper golden quarter November 6, 2024 After reporting a set of results far ahead of analysts’ expectations for the third quarter, Marks and Spencer is set for a bumper Christmas period as its turnaround continues to bear fruit. Its food division is particularly well-placed to deliver, with sales already up more than seven per cent in the third quarter. M&S’ food [...]
Trump promises to ‘stop the wars’ following election victory November 6, 2024 Donald Trump said he was going to “stop the wars” in his victory speech today, raising huge questions about how his presidency could alter the course of major conflicts in Europe and the Middle East.
It turns out Kamala never stood a chance November 6, 2024 In the end, the race for the White House was not determined by the Democrats’ celebrity endorsements, a backlash by the Puerto Rican community, Kamala’s Gen Z army, her party’s superior ground game, her running mate’s folksy charm, Donald Trump’s vulgarity or his criminal record. These may be the issues that have dominated US network [...]
Ministerial freebies rules tightened – but Starmer stops short of banning gifts November 6, 2024 Keir Starmer has tightened up the rules on ministers accepting freebies, according to new guidelines, but stopped short of banning gifts and hospitality. An update to the government’s ministerial code published today included new advice for ministers who accept freebies and hospitality, which took a tougher stance than the previous document. The new code states: [...]